Wealthstream Advisors Inc. Takes Position in Medical Properties Trust, Inc. (NYSE:MPW)

Wealthstream Advisors Inc. bought a new position in shares of Medical Properties Trust, Inc. (NYSE:MPW) in the third quarter, HoldingsChannel reports. The fund bought 10,299 shares of the real estate investment trust’s stock, valued at approximately $60,000.

Other large investors have also recently bought and sold shares of the company. Ables Iannone Moore & Associates Inc. boosted its position in shares of Medical Properties Trust by 3.4% during the 3rd quarter. Ables Iannone Moore & Associates Inc. now owns 58,707 shares of the real estate investment trust’s stock worth $343,000 after acquiring an additional 1,939 shares in the last quarter. Wolverine Asset Management LLC boosted its holdings in Medical Properties Trust by 0.6% in the second quarter. Wolverine Asset Management LLC now owns 405,145 shares of the real estate investment trust’s stock valued at $1,746,000 after purchasing an additional 2,246 shares in the last quarter. KG&L Capital Management LLC increased its stake in Medical Properties Trust by 5.3% in the third quarter. KG&L Capital Management LLC now owns 50,875 shares of the real estate investment trust’s stock valued at $298,000 after purchasing an additional 2,550 shares during the last quarter. Keynote Financial Services LLC raised its holdings in Medical Properties Trust by 4.8% during the second quarter. Keynote Financial Services LLC now owns 59,188 shares of the real estate investment trust’s stock worth $255,000 after purchasing an additional 2,715 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in shares of Medical Properties Trust by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 167,722 shares of the real estate investment trust’s stock worth $723,000 after buying an additional 3,103 shares during the last quarter. Hedge funds and other institutional investors own 71.79% of the company’s stock.

Insider Activity

In related news, Director Elizabeth N. Pitman purchased 8,087 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was purchased at an average cost of $6.01 per share, with a total value of $48,602.87. Following the completion of the acquisition, the director now directly owns 76,740 shares in the company, valued at $461,207.40. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In other Medical Properties Trust news, Director Michael G. Stewart sold 32,780 shares of the business’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $5.46, for a total transaction of $178,978.80. Following the transaction, the director now owns 221,245 shares in the company, valued at approximately $1,207,997.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Elizabeth N. Pitman bought 8,087 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were acquired at an average cost of $6.01 per share, with a total value of $48,602.87. Following the completion of the purchase, the director now owns 76,740 shares in the company, valued at approximately $461,207.40. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MPW. Wolfe Research raised shares of Medical Properties Trust to a “hold” rating in a research report on Monday, September 23rd. Colliers Securities raised Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 price objective on the stock in a report on Friday, September 13th. Finally, Truist Financial boosted their target price on Medical Properties Trust from $5.00 to $6.00 and gave the company a “hold” rating in a report on Friday, September 13th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Medical Properties Trust presently has a consensus rating of “Hold” and an average price target of $5.50.

Medical Properties Trust Price Performance

Shares of MPW opened at $4.40 on Thursday. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of -1.04, a price-to-earnings-growth ratio of 0.67 and a beta of 1.32. Medical Properties Trust, Inc. has a fifty-two week low of $2.92 and a fifty-two week high of $6.55. The firm has a 50-day simple moving average of $5.16 and a 200-day simple moving average of $4.92. The company has a debt-to-equity ratio of 1.69, a quick ratio of 2.93 and a current ratio of 2.38.

Medical Properties Trust Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Monday, September 9th were paid a $0.08 dividend. The ex-dividend date of this dividend was Monday, September 9th. This represents a $0.32 annualized dividend and a dividend yield of 7.27%. Medical Properties Trust’s dividend payout ratio (DPR) is currently -7.58%.

About Medical Properties Trust

Medical Properties Trust, Inc is a self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities. From its inception in Birmingham, Alabama, the Company has grown to become one of the world's largest owners of hospital real estate with 441 facilities and approximately 44,000 licensed beds as of September 30, 2023.